Strategic Cooperation Agreement Signed between Sinotrans Limited and CSR

March, 23, strategic framework agreement was signed between CSR and Sinatrans Limited in Jinyun, Beijing. Some of the senior management from both parties including Zhao Xiaogang, general manager of CSRG and chairman of CSR, Zheng Changhong, secretary of Party committee of CSRG and president of CSR, Fu Jianguo, vice president of CSR, Zhao Huxiang, president of Sinotrans Group and chairman of Sinotrans Limited, Zhang Jianwei, director of Sinotrans Group and president of Sinotrans Limited, Wang Taiwen, director of Sinotrans Group, etc.

attended to the ceremony. Zheng Changhong and Zhang Jianwei, on behalf of both sides, signed the agreement.

Chairman Zhao introduced the current development of CSR as the leading enterprise of Chinese railway equipment manufacturing. He emphasized that it was the mutual choice for both enterprises to seek long-term cooperation in accordance with the appeal of inter-assistance by SASAC. Just under its leadership, CSR and Sinotrans Limited will conduct all kinds of corporations such as logistics, endeavoring to maintain and increase the value of state-owned assets.

The strategic cooperative partnership between Sinotrans Limited and CSR aims to promote business cooperation through resources integration and management innovation so as to improve the service quality and efficiency, strengthen both market positions and comprehensive competitiveness and achieve the win-win result. Sinotrans will guarantee the safety and efficiency to significantly reduce operation cost during cargo transportation of CSR through professional logistics service.